PRIVATE HOME PRICES DOWN ALMOST 5% IN 2014
Dec 12, 2014
Prices of private properties in
by 4.79 percent during the first nine months of 2014, compared to an annual
increase of 2.1 percent in the same period last year, revealed a report from
Global Property Guide.
On a quarterly basis, prices of private units dipped by 0.38 percent in Q3 from the previous three months.
At the same time, residential demand in the city-state is dropping. The report stated that sales of housing units plunged 38.6 percent to 1,465 units in the third quarter from last year, according to data from the Urban Redevelopment Authority (URA).
Of the 10 Asian markets tracked in the report, only
saw house prices decline during the year.
Info courtesy - Property guru